The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1887-10-26
In THE BEARS HANDS
Prices on the Exchange Lower, Though the
Transasteas Wers Small.
No News or RamOrs During the Session oia
Nature to Affect Values.
Operations Of tns Day Almost Entirely Con-
fasd to tia Professionals.
The Close Weak ard Generally ut the
Lowest Flgure-Bonds Dull and
Observation-Disclosures.

NEW YORh, October 2l.-Money on call easy
at to per cent, closed offered at 4. Prime
mercantile paper COS per cent. Sterling
change dull but firm at 81 81 for sixty days bills
and 81 So for demand. The total sales of
stocks today were 252,SS4 shares, including:
Delaware, Lackawana and Western, $500; Lake
Shore. $40; Louisville and Nashville 5,I25;
Missouri Pacific, is, 400; Northwestern, 2S,120:
Northern Pacific preferred, 1850; Oregon and
Trsns-continental, 4E90; Reading, $3.50; st.
Paul, 42,S5O Union Pacific, 1850; Western
Union, 1850.
The stock market to-day was once more COM
pletely in the hands of the bears and was weak
throughout with no reaction worthy Of the
name and the prices this evening are naturally
lower, though the transactions were small in
comparison with the business done OF late. There
were no news or rumors of a nature to affect
values though there was considerable Western
selling on the story that the earnings OF the
Northwestern for last month would show de-
crease and efforts were made to depress Reading
with renewal Of the rumor that there was
a hitch in the negotiations with the first series
fiVes part. There was an utter absence of support
and this, as usual, invited attacks upon the
Gould properties, the Missouri Pacific being the
special object Of attention. The operations OF
the day bad no special significance, but were al
most entirely confined to the professional ele-
ment, the room traders joining in the move
ment as soon as the drift OF affairs was seen.
report that a syndicate stood ready to take the
new fours of the Reading had some influence for
good, late in the day, and some signs
of rally were seen toward the
close. The opening was weak at declines
from Saturdays final prices OF from q to y per
further losses were established in the first hour,
Missouri Pacific being the weakest on the list.
The market then remained very dull and re-
covered slightly, but Western Union and Union
Pacific led the demand movement in the after
noon and everything joined in the decline, and
lowest prices were made IN the last hour. Some
little improvement was seen. but the close
was weak. generally at the low
est figure. The entire active list
is lower and Manhattan lost 27s,
Missouri Pacific like amount: St. Paul and
Union Pacific, 23sc; Northwestern and Chicago,
Burlington and Quincy, 17sc; Omaha, 11zc;
Western Union, 15sc; Laekawanna, Kansas and
Texas. and New York Central, nc: Lake Shore
and New England, 11sc. and others smaller
amounts.
Railroad bonds were dun and heavy to weak
in the forenoon, recovering late in the day.
Closing prices, however, were lower in ma
jority of cases. Sales. $4,000. Chicago aud
Alton frsts rose rs to 49,; Chicago and Mil
waukee irsts, to l22; Milwaukee, Lake Shore
and Western frsts, ~ to 123; Chicago and West
Indiana hrsts lost atI12
Government bonds, duh and steady
State bonds were dull and featureless,
Eastern Exchanges.
CHICAGO, October 2I-Cleariugs to day
were S1l.559,0 co., New York exchange was
quoted at 40c discount and not much doing
ply and Is quoted generally at 798 per cent,
though favored customers are now and then
accommodated at a less rate.
ST. LOUIS, October 22-Bank elearings to-day
were s. .04g.l53: balances, ~2566l0. Exchange on
New York iOc discount.
PHILADELPHIA, October 23-The bank
cleaIings to-day were sl0,l9S.Si5, and balances,
Sl,4S0, 10
BALTIMORE, October 22-The bank clearings
to-day were s2.l76,5S0; balances SSIS,257
NEW YORK, October q. Bank clearings to-
day Sl67,2iS,5lO. Balances si,S4,S57.
BOSTON. October 22-Bank clearings today
were 9I2 69,S66; balances. 81 .624 349. Rate for
money ~ per cent Exchange on New York
par TO l5c discount.
Bar Silver.
NE" YORK, October 2l.-Noon. Bar silver
Foreign Exchanges.
LONDON, October "A, 4p.m. Bar silver 4s7zd
per ounce. Calcutta linseed 36s ID per qnarter.
LiDseed on los 41zd per cwt.
PARIS, october A.-Three per cent. rentes
Slf Sc for the account.